This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Trade Parameters
Observations – For
Observations – Against
Attractive technical bounce, with upside potential to prior highs. Reversal of sell-off following FY results which showed strong fund inflows and increased dividend. Interest in Cryptocurrencies and DIY investment still strong, especially after market sell-off (buying opportunity?). New Chairwoman.
Consensus is neutral to bearish meaning potential for neutrals to upgrade in light of share price bounce, especially with more than 10% upside to Jan record highs. Price targets skewed to the downside (64%), possibly also needing revisions to reflect the mismatch in share price and current broker valuations.
Next Event: Interim statement, 15 May
Latest Broker 12-Month Consensus: 12% Buy, 41% Hold, 47% Sell (full breakdown on request)
Source: DowJones Newswires, Reuters News, Bloomberg or Company Press releases
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